To: John Mansfield who wrote (1056 ) 2/11/1998 11:15:00 AM From: John Mansfield Read Replies (1) | Respond to
1998 - Blow Off to a'29 Style Crash? nwlink.com the market continues to run up in a fashion having an uncanny parallel to 1929. Look at the blue line for a moment. You'll see there is a gap. On the left is actual numbers. To the right of the gap is where the market will go if we blow off in the same manner as '29-30. This blow off (history repeating closely) would be a 24% run up from the 7600 area we just revisited. That's the peak of the blue line. Dow 9500. Triggers to watch in April: SEC publication of Y2K impacts by major companies, Fed action to raise, not lower interest rates, in reaction to the 9% annual rise in aggregate money supplies, such as M3 and broader measures, and last, but not least, about then Ken Starr may actually do something. As the old Chinese curse goes, "May you live in interesting times...".
